Topic: After Chipmixer, Is Sinbad.io Next To Be Shutdown? (Read 973 times)

You misconstrued my comment. Let me be clear, I did not allude this comment by Royse777 meaning he would keep the funds for himself: The case is serious and I am considering not to touch any funds that is in the escrow address right now unless I speak to a lawyer. This means no one is going to receive anymore payments unless I have a direction from the lawyer. It's for the safety of everyone.

What I mean by this statement is that Hhampuz and icopress (because they are operate as campaign managers in a professional manner) would have made a statement by posting clearly and concisely with their opinions on the isue and also as confirming from their side what they believe actually happened. Apart from that comment above from Royse777, he has kept virtually silent with regards to the Sinbad money laundering operation.

Also, what I mean is that I am sure if campaign participants were going to be out of pocket, Hhampuz and icopress would make efforts to pay from their own pockets. Royse777 would not even entertain the idea.
 
I am completely rational. My personal feelings have played no part in my comments regarding Sinbad and Royse777.



===========

As per my previous post, the thread is now locked.

So you are suggesting Hhampuz and icopress to move the money and pay the members? Good luck.

I think it's a very good opportunity for Royce to teach you some lessons. He can send some coins to your wallet [if that is an exchange address and KYC verified then you will have more fun]. 😂

Six months ago you were obsessed with whirlewindmoney because luckily you found yourself a spot in a crazy amount of weekly paid signature campaign. You even did not see anything wrong with the 12% APR which was literally looked like a scam to take the investors money, typical scam but with a new form than those 'left and right hand MLM' scams. You never saw anything wrong in it. Ironic.

It seems you are eager to attack the reputation of someone you do not like personally and you don't leave a single chance whenever you find the opportunity but you are always good; even better, you are very protective with your Captain America Shield towards those who give you peanuts. You are as entertaining as the monkeys in the zoo. Joker never did his things for money.

I don't think Symmetrick Ratimov ever gave you a peanut. According to you, he was a member who contributed 1000 times better then me, wasn't he?

Throw enough mud at the wall, some of it will stick.

He will not stop until someone will put all the puzzles together and expose him like Symmetrick Ratimov was exposed.

I was part of the Campaign as Full Member, payments must have been roughly June-August.
And yes, payments were directly transfered to Binance (now i know that it might be a good idea not to chose a CEX adress for campaign payments).
On 29th November i recognised Mail from Binance, which i first thought was spam. On 30th November i logged into Binance to check and realised that sinbad transactions were meant. I guess notifications were on both ways simultaneously.

I'm not sure what you find strange here, but it's a completely understandable reaction to stop the whole thing and think about it with a cool head. How did you understand this as "I will keep all the remaining money from escrow for myself"


Can you give us some additional information about the whole case? Everything is a bit confusing to me, I apologize if you have already written somewhere.
First, when did the disputed transaction take place? Given that you haven't been in the Sinbad campaign for a while, I assume it was even earlier. Is this transaction before or after the sanctioning of Sinbad?
Did you receive the payment from the campaign directly to your Binance account?
As far as I understand, you got this via email, do you have any notifications on the Binance dashboard?

Where do you get that? Nobody (at least not me) has been advertising money laundering. I guess if that would be the accusation, binance would not have let me withdraw my funds so easily. Until now i was a Questionaire with ~10 questions, where i answered 1/2, nothing heard from binance again so far.

But i am curious if it might be a different story for the campaign manager, i guess he will be focussed a little more than the particiants.

I cannot speak for others but what sort of campaign manager does not release a full statement (detailing what their strategy is going forward) when one of clients has been seized for money laundering? Releasing a bit-part statement in the form of a less than two line post is completely unprofessional but what else can be expected from that campaign manager:

The case is serious and I am considering not to touch any funds that is in the escrow address right now unless I speak to a lawyer. This means no one is going to receive anymore payments unless I have a direction from the lawyer. It's for the safety of everyone.

Can you imagine Hhampuz or icopress doing the same thing? No

If the funds were from a money launderer, he will probably be advised to never touch them. At some stage maybe the law enforcement agencies will ask for them to be seized.

Having said that, these are interesting times indeed because the campaign manager was aware he was promoting a mixer that was a re-branding of a known money launderer. I wonder if he will mention that to his lawyer.




=====================

This thread was created six months ago asking if Sinbad was next to be closed down by law enforcement agencies because it was created with $22 million of laundered money by the same person/team behind the Blender money laundering crime.

It took six months but it happened as inevitably it would. I will be locking this thread within a few hours therefore if members would like post something constructive, they can.

Nothing will happen to them.


You don't see how this statement is at odds with the first?

Regardless, I could name some far shadier things that have taken place on this forum.

I think the fact that both you and Vod are constantly shitting on theymos - yet you and Vod hate each other - means that theymos is doing as balanced a job as possible.

Keep us updated.  I'm very curious what will happen to all the folks who have been benefitting from advertising money laundering here, even as it became obvious that the government was arresting those involved in such operations.  When even a forum pretending to be all about free speech has to ban advertisements from an entire industry, you know it's absolutely the shadiest thing you could get involved with.  Good luck to you in getting your funds and again, please share your findings with others as I imagine many are finding themselves in your situation today.

What will happen to those who weared the signature of Sinbad? Is it true that Sinbad was involved in connection with the DPRK?

Sinbad was my first campain ever (i am still kind of newbie) and i used Binance adress for payouts. Therefore my personal account is now directly linked to sinbad escrow adress. I got timeline of 7 days to explain transactions, otherwise account will be limited. At least within this timeline withdrawals work fine.


Thank you for providing the link also leading me to Binance having legal issues in an lot of countries: https://bitcointalksearch.org/topic/m.57648203
Even if i originally wanted to keep binance for trading purposes i realizedm that i will not lose anything if that is not possible. It makes decisions much easier.

Don't take this as legal advice, but if someone would address me as "Dear Binancian", I'd probably ignore them. What's the point of all that KYC if they can't address you by your name?
I wouldn't use Binance anyway, they freeze your funds when they make a mistake.

This is the first time I am seen such scenario and I don't think anyone has experienced in this your case before. And all what I will say is that if you want to use the Binance App in the future then you have to tell them that you received the funds from the address based on a service you render and make sure provide the Signature Campaign link for them to make the verification and I know that apart this they will still ask more thing to verify the address.

And if you did not tell them after the 7 days time, they will block your Binance account and blacklist your account to Sinbad. Therefore, explain to them.

Its good to hear that you managed to withdraw your funds as I assumed that they blocked your account while waiting for an explanation. Out of curiosity and to clear that out, did you use Binance address for signature campaign payments, or you sent the sig campaign monmey from your own wallet to Binance?

Regarding what to do, its a touchy matter and I personally don't feel comfortable sharing advice as honestly I am not sure what would I do in your situation, but I do know that Binance can be very persistent if they think you are bullshitting them without providing solid evidence for your story so if you go that route, be careful.

On Wednesday 18.15 UTC i received an email from binance to explain some transactions, which turns out were the payments from Sinbad Campaign / from sindbad escrow adress. Maybe it is interesting to add that i left campaign over 3 months ago.
Estimating that everything is automated i would guess that blacklisting must have been on wednesday.

I already removed all funds from Binance so nothing can be frozen. I also received some PMs on that topic too, but i am unsure how to go on or which advice i should give.
Therefore i want to ask the much more experienced users here for some advice on how to handle that. Maybe there are some "best practices" which i don't know yet.

Any help will be gratefully accepted.

  

Do you know the date these two addresses were added? Because the escrow address received 0.501BTC one day after the report date and the report warn all future transactions associated with that mixer.

In the case of Sinbad, FOID team did not have access to backend wallet data, so they were not able to seize coins, and it appears that this service is managed by a group and not a single individual, as in the case of Chipmixer.

Also, all BTC moved from the chipmixer escrow address about a month ago, are there any restrictions placed on that address?

I'm surprised they've "banned" only 2 Bitcoin addresses: one was used for signature payments on the forum, the other holds just $67 worth of Bitcoin and never sent anything.

What if it's the other way around, and that's the reason the mixer was created in the first place?

Even worse than that: the latter needs the former.

It's the opposite: what I read about Bitcoin in this case is actually quote encouraging:

LOL. Not a single mixer operates with a license... I'm not sure a single one has, ever. Again, operating under the conditions of which the license is provided largely defeats the purpose of a customer using the mixer in the first place. I know you don't understand what I'm talking about. That's OK. I think the best solution is for me to put you on ignore.

There is no financial institution that doesn't abide with set of law guiding the activities of the institution and before tumbler or a mixer will operate in the cryptocurrency ecosystem, it must be issued with a license and the license would be giving to it when they have accepted to obey the rules and meet up the requirements to operate. This is one of the law a mixer must follow Mixing large amounts of money may be illegal, therefore a good mixing company should operate within the financial law of not mixing large amount of funds because criminals will use it to launder money.

Op you forsee this that happened to sinbad.io for over six months and when you created this thread people didn't understand your point and saw it as if you are criticising chipmixer and next will be sinbad.io, but it's clear that what makes all this mixers to be seized by law enforcement agencies is because they do go against the rules and regulations of mixers, if assumed mixers can concentrate on their business and stand to do a legit business with their clients I think that this that happened chipmixer and sinbad wouldn't happen, the accusation a law enforcement agencies used for seizing chipmixer is same thing for this sinbad, I read them and their is no difference between them. All this mixers supposed to have abstain themselves from money laundering business, money laundering is one of the things that is making government to continue to question a mixer and seized them too

Your post doesn't make a lot of sense. What do you mean by "mixing rules"? Are you talking about requirements set by federal governments? If so, which ones? For a mixer to be able to service customers based in the U.S., it requires a money transmitter license, which means the mixer must not only register with the government but KYC for all customers (which defeats the purpose of the mixer). Other countries may have similar laws, some more lax laws, and some may not have any laws addressing the issue at all.

Arguably no mixer operates according to all the laws... it would more or less be impossible for them to do so.


Well that's not exactly true. He said he's "considering not to touch any funds that is in the escrow address" until he receives direction from a lawyer. These are interesting times.